The High Standard 106 was the first military series, designed to have the same grip angle as the 1911. They came in three grades, Tournament, Citation and Trophy, built between 1965 and 1968. All were made in Hamden, CT. They were succeeded by the 107 series which were also built in Hamden, although later 107s were also made in East Hartford, CT. The Hamden 107s go for a premium compared to the East Hartford guns. The company went bankrupt in the 1980s, but the name and assets were purchased and the company re-opened in Houston, TX in the 1990s. They make 22 target pistols of the same design as the 106/107 series but AFAIK they are not called 106/107s, just Supermatic Citation, Tournament and Trophy pistols. I haven't looked at one of them for many years but since I own a 106 Trophy I have no reason to :-)
All the 106s and 107s were target guns, although High Standard also had sport models (Sport King) using the same basic action. They are usually found in excellent condition as target guns are generally only shot at the range and so don't have the kind of wear and tear you might expect for a field gun. They have excellent triggers and were very popular in the day, considered the equal of the Smith & Wesson 41 but costing less, and so were probably the most common pistols found on the firing line at Camp Perry. I recall reading some comments that the High Standards were also somewhat less finicky than the Smiths, but I can't say from personal experience. I have a Trophy 106 that I used to shoot in local target competitions and it was a much better gun than I was a shooter - not that that was hard to do! At least I could say with absolute confidence that the gun was not a limiting factor. A couple of High Standards were used by US shooters to win gold at the Olympics, so clearly world class target pistols.
The Tournament guns in excellent condition run around $500-650 according to the Blue Book, the Trophy guns in excellent condition around $850-$1000. So the gun you are looking at is either going for a fair price or a bargain price depending on the exact model.
